Quarterly Strategy and Observations – 3rd Quarter 2016

Phew. That is the sound of relief heard during the third quarter characterized by a lack of market volatility and generally positive returns across most markets. The S&P 500 Index® went almost two months without a one-percent move in either direction, …Read More

Short-Term Gain/Long-Term Pain

One enviable aspect of Denver Investments’ almost 60-year existence is our collective institutional memory and the ability to pass down knowledge from generation to generation of portfolio managers. In doing so, we gain perspective not easily accessible to younger financial …Read More

On CEO Compensation

CEO compensation has grown exponentially since the 1970s and has garnered national attention in light of the current discussions around income inequality. In 1965, the average CEO-to-Worker pay ratio in the U.S. was about 20-to-1, meaning the average CEO made 20 times …Read More

Trade – Whether to be Free or Not

Trade policy has taken center stage in the U.S. presidential election campaign. It can be an incendiary topic, but usually debates on the merits of trade policy are high in rhetoric and low on facts. Because over 40% of revenue for S&P 500 companies is generated abroad, …Read More

Lower for Longer, but Does It Matter?

Central banks around the world are well under way in the race to lower interest rates, in many cases below zero. The question facing economies today is whether or not accommodative monetary policy (i.e. low interest rates) actually stimulates economies. We looked at the …Read More